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CARE reaffirms rating of Grasim Industries’ bank facilities

10 Oct 2012 Evaluate

Credit rating agency, CARE has reaffirmed AAA rating to Rs 1600 crore long term bank facilities of Grasim Industries. The rating agency has also reaffirmed A1+ rating to Rs 400 crore short-term bank facilities of the company.

The company has received the said ratings re-affirmation on the back of its resourceful promoter group, established track record, reputed brand image, the company’s leadership position and cost competitiveness in its core businesses - Viscose Staple Fibre (VSF) & Cement.

Grasim Industries is the flagship company of the Aditya Birla Group. Starting as a textiles manufacturer in 1948, today Grasim’s businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90 per cent of its revenues and operating profits.

Grasim Industries Share Price

2711.25 -34.55 (-1.26%)
13-Apr-2026 16:59 View Price Chart
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Company Name CMP
Grasim Industries 2711.25
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